Hotel Financial Management & Managerial Accounting
Organisation from A to Z of the financial monitoring, operation and managerial processes of the hotel company and advise for the needed upgrade axes with priorities and targets as far as it concerns the financial modelling. reporting, and managerial accounting system which should be appropriate for the correct management of the finances, the internal management and control as well and budgeting of all levels.
Benefits
01
Organized profit & loss statements with all necessary details, immediately provided and analyzed in special reports
04
Better image to external stakeholders (banks, shareholders, BoDs, etc)
02
Avoidance of financial dysfunction and stable analysis of financial data
05
Better management with real knowledge of all aspects of financial management
03
Increase in entrepreneur's confidence for correct and timely financial data
06
Timely identification of corrective actions in the overall management of the hotel
Service Includes
-
Analysis of the current situation of the hotel with the structure of financial management and managerial accounting statements and determination of the situation where the hotel stands,
-
Analysis of all aspects and detailed costing of the economic policy of profit markets, supplier credit, credit of tour-operators, receipts
-
Determining what the hotelier wants and what are his goals in the short and long term
-
Re-examination and redefinition of all collaborations, cost areas, contracts, with external partners, staff, suppliers - contractors
-
Creation of budgets (income budget) and cash flows (cash flow budget) with the definition of the company's policy
-
Planning the monitoring of financial data in collaboration with all departments and the accounting department that provide financial data with provision of periodic analysis of the operation of all financial management from sales to the determination of net profit after taxes